CHRISTOPHER P. MARR - 01 Jan 2024 Form 4 Insider Report for CubeSmart (CUBE)

Role: CEO, Director
Signature: Douglas J. Tyrell, Attorney-in-Fact
Issuer symbol: CUBE
Transactions as of: 01 Jan 2024
Net transactions value: +$2,946,284
Form type: 4
Filing time: 03 Jan 2024, 16:30:27 UTC
Previous filing: 19 Jan 2024
Next filing: 10 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBE	Common	Award	$2,946,284	+63,566	+13%	$46.35	544,526	01 Jan 2024	Direct	F1
transaction	CUBE	Common	Award	$0	+35,958	+6.6%	$0.000000	580,484	01 Jan 2024	Direct	F2
holding	CUBE	Common						210,538	01 Jan 2024	By Spousal Trust
holding	CUBE	Common						2,698	01 Jan 2024	By Spousal Trust #2
holding	CUBE	Common						40,529	01 Jan 2024	Held in Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CUBE	Stock Option (right to buy)	Award	$0	+179,211		$0.000000	179,211	01 Jan 2024	Common	179,211	$46.35	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These common shares represent the vesting of performance-based units granted on January 1, 2021 under the 2007 Equity Incentive Plan of the Company.
F2	These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares vest ratably over a three-year period, one-third per year on January 1, 2025, January 1, 2026, and January 1, 2027, provided the reporting person remains employed by the Company.
F3	The stock options vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.